The Wi-Fi home gateway market worldwide is expected to grow with a CAGR of 14.6% during the forecast period from 2021 to 2029. Growing penetration of smart devices worldwide is one of the major growth factor of Wi-Fi home gateway market. Wi-Fi home gateway is a combination of router and modem and have wide application such as for entertainment, at home, at office and others. Growing internet penetration, rising disposable income and technological advancement in consumer electronics devices are some of the other major factors for the growth of Wi- Fi home gateway market. On account of these factors, we are expecting the Wi-Fi home gateway market to show healthy growth during the forecast period.
The global hydrogen compressor market is poised to reach US$ 3.53 Bn by 2032, expanding at a CAGR of 4.8% during the forecast period from 2024 to 2032. Increase in number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are identified as the major factors driving demand for hydrogen Compressor worldwide.
The global autonomous vehicle market is expected to expand at a CAGR of 30.6% during the forecast period from 2024 to 2032. The projected growth of the autonomous vehicle market worldwide is bolstered by a combination of factors including continually growing adoption of Artificial Intelligence (AI), rising adoption of Internet of Things (IoT) in connected mobility, and development of state-of-the-art infrastructure. These vehicles integrates software and sensors to operate and navigate the vehicle, which includes technologies such as light detection & ranging (LiDAR), and RADAR sensing.
Globally, the machine tool touch probe market is expected to grow with a CAGR of 3.8% during the forecast period from 2024 to 2032, starting from $613.03 Mn in 2021. The touch probes are used to measure the dimensions of work piece in a machine tool, and are connected to the sensors that enables safe operations of the machines in industrial setting.
Globally, the keylock switches market is expected to grow with a CAGR of 4.0% during the forecast period from 2024 to 2032. The keylock switches are ideally used to manage the safety of industrial environments with utmost simplicity. Factors such as increasing importance of operational efficiency, and safety of the equipment and machinery, and automation of the production equipment are driving the growth of keylock switches market.
The global document management software market accounted for US$ 5.89 Bn in 2021 and is projected to grow to US$ 14.20 Bn in 2032, growing at a CAGR of 10.3% throughout the forecast period from 2024 to 2032. Document management software assists businesses in combining papers into digital files and store them into a single place. Mainstreaming of sources including Web, thumb drives, and smartphones among others has accelerated the need to deal with information of all kinds.
The global disposable hypodermic syringes market is witnessing a steady growth, expected to grow at a CAGR of 6.2%. Worldwide, the increasing prevalence of diabetes, multiple sclerosis, and numerous lifestyle diseases will drive the overall market growth. Globally, rising number of surgeries, increased growth of biologics, advancement in hypodermic syringes with fixed dosage, low cost medical devices, and decreased microbial contamination risk along with reduced medication errors are key factors driving the overall growth of the disposable hypodermic syringes market.
The global smoke detector market is poised to reach US$ 3.55 Bn by 2032, expanding at a CAGR of 6.0% during the forecast period from 2024 to 2032. Increasing safety concerns for residential and commercial buildings and mounting penetration towards smart homes are perpetually growing the demand for smoke detectors. In addition, the integration of smoke detectors with digitization like IoT and AI are identified as the major factors driving demand for smoke detectors worldwide.
Globally, the interactive and self-service kiosk market is expected to grow with a CAGR of 9.1% during the forecast period from 2024 to 2032, starting from US$ 25.58 Bn in 2021. Globally, technological advancements in electronic and information technology industry has resulted in development of equipment that would help reduce human efforts and simplify the process in various industries.
Globally, the hitter-based hand tools market is expected to grow with a CAGR of 3.5% during the forecast period from 2024 to 2032. Hand tools are those that require manual efforts when being handled rather than using some energy or motor. These tools are largely used in household as well as industrial applications.
